I’m a buyer of Celestica at these levels, as I continue to build my personal portfolio at http://TradingWithCody.com. The stock is one of the single cheapest tech stocks I can find, especially when you consider the Company’s growing its nearly $4 in cash per share every year. Analysts have been forced to move their estimates for this year and next higher after Celestica reported a stellar growth quarter and the stock has been staying very cheap despite moving higher because the stock price can hardly stay up with the forward estimate bumps. I’d look for this stock to get to $20 or more in the next couple years.

Now when you Google “Cody Willard Fired”, which is according to Google’s suggestions is the most popular search with my name in it since I quit my job as a TV anchor, you can hit a button that will let your Google contacts know that you read the truth about what happened to me. Conversely, you could +1 one of the articles that outright lie and say I did get fired.

The underlying thesis is that a country in which public unions are starting to strike at the state levels and the federal government is cutting services and welfare for the poor and elderly can no longer afford to subsidize many of these so-called alternative/green companies like A123. And while that thesis continues to play out, one of the other primary tenets behind our bet against A123 specifically is that this Company is nowhere near generating real cash flow and that the Company will have a very hard time surviving without a major dilution or debt raise — or a miracle — in its current iteration. Indeed, on the company’s most recent earnings call, they told analysts to expect their EBITDA loss would widen again this year.

At 29 times next year’s earnings estimates when you use the enterprise value for the company, it’s not cheap. But that forward estimate looks better to most analysts because they focus on the straight P/E which is only 22 or so. This stock will be driven fully by the earnings momentum in coming quarters, and if Ciena can continue to put out big growth numbers, the stock can get to $30 higher, which would indeed be double from where it was upon original publication.

Last week, I went through and updated my Revolution Investing analysis and the balance sheet information for all 20 stock picks from my special report, 14 Stocks That Should Double in 2011 (and 6 That Should Collapse). I’ve highlighted 14 underestimated stocks positioned for huge growth for the next couple years and six stocks with [...]

TradingWithCody.com Why is the market willing to pay a higher multiple for Oracle that it is willing to pay for Research in Motion when Oracle is growing slower than Research in Motion? Let’s not overthink it. Oracle grew its topline 29% year over year in the quarterly report they just issued last night and is today trading [...]

Last week, I went through and updated my Revolution Investing analysis and the balance sheet information for all 20 stock picks from my special report, 14 Stocks That Should Double in 2011 (and 6 That Should Collapse). I’ve highlighted 14 underestimated stocks positioned for huge growth for the next couple years and six stocks with [...]

Things are volatile out there, aren’t they? “May you live in interesting times,” as the old curse goes … Just look at the markets, the economies, the ongoing revolutionary geopolitics going on in the Middle East, Japan quakes, tsunamis and ever-worrisome nuclear ramifications, ongoing emergency Fed easing and financial system follies, institutionalized and seemingly legalized [...]

Everybody is scared and trying to figure out how to navigate the strange new economy that the Republican/Democrat regime has driven us into over the last couple decades and drove home in the last three years since the so-called financial crisis hit. Whether it’s my recently retired friends, a cousin who’s decade-old business has started booming, former partners from my hedge fund days, or even evil, bailed-out, welfare dudes from Goldman Sachs (who remarkably still talk to me after all my justifiable disgust at their firm and them individually), are confused about how best to diversify, hedge and simply invest in 2011 and on.

I am always a little bit shocked when I find a profitable technology company that has net debt on the balance sheet, as Nuance does. That said, the net debt is only 5% of the market cap and just one year’s worth of cash flow from operations. I’d look for this company to grow 10%-20% or more per year for the next decade or so — at least as fast this fast growing industry.

About The Cody Word

Cody Willard writes the Revolution Investing investment newsletter for MarketWatch and posts the trades from his personal account at TradingWithCody.com He is the founder of WallStreetAll-Stars.com and the principal of CL Willard Capital. Cody serves as an adjunct professor at Seton Hall University and is on the University of New Mexico Alumni Board. He was an anchor on the Fox Business Network, where he was the co-host of the long-time #1-rated show on the network, Fox Business Happy Hour. Cody, a former hedge fund manager, and his stock picks and economic outlooks have been featured on NBC’s The Tonight Show with Jay Leno, ABC’s 20/20, CBS Evening News, CNBC’s SquawkBox, Jon Stewart’s The Daily Show, as well as in the Financial Times, Wall Street Journal, New York Times, and many other outlets.